The U.S. tariff rate on Taiwan has not yet been finalized, but news of a 22% rate spread in the Taiwan market on the 29th. Taiwan’s stock market dropped by more than 300 points at one point during the day.
According to comprehensive reports from Taiwan’s China Times and CTS News, the local market heard on Tuesday morning that the tariff rate for Taiwan would be set at 22%, and that Taiwan would be required to provide an investment amount of USD 500 billion (2.11 trillion ringgit). The Taiwan Weighted Index once fell by 318.31 points, closing with a narrower decline, falling 211.46 points or 0.9% to 23,201.52 points.
China Times also cited analysts’ views, reporting that before tariffs are determined, any rumors or news can trigger trading actions and affect the performance of the Taiwan stock market.
The U.S. originally intended to levy a 32% tariff on Taiwan, but U.S. President Trump subsequently announced a 90-day suspension of reciprocal tariff policies.
Bloomberg cited sources as saying that the Trump team so far has only offered Taiwan the best available tariff rate, but has not mentioned a specific figure.
Sources indicate that Taiwanese officials believe the rate should be about 15%, similar to what Japan has obtained.